Which type of data is referred to as Enhanced Data?

Enhanced Data typically refers to the additional data elements that can accompany transactions, which provide a richer context and more detailed information beyond standard data. In the payments industry, Level 2 and Level 3 data are considered Enhanced Data because they include itemized details about purchases, such as product descriptions, tax amounts, shipping information, and other specifics related to the transaction.

This extra level of detail is particularly beneficial for B2B transactions, as it helps facilitate better reporting, analytics, and reconciliation processes. Levels 2 and 3 data are often required for certain types of commercial cards and can yield additional benefits like reduced transaction fees for merchants when provided.

The other options do not constitute Enhanced Data in the same way. Standard transaction logs do not provide the extensive detail that makes data "enhanced," while data linked to customer feedback is focused on consumer sentiment rather than transaction specifics. Similarly, basic account registration information lacks the depth of transactional context that Enhanced Data offers. Hence, the reference to Level 2 and Level 3 data through card companies is indeed indicative of Enhanced Data.